![]() ![]() While passersby might just see an Allstate, hair salon and chimney repair at Plaza 122, Haines sees a potential game changer to alleviate poverty. That means if you took all their property, savings, and investments and added them up, the total would be less than $6,000. It’s a three-sided strip mall with a parking lot in the middle.Īccording to a 2010 Urban Institute report, 20 percent of Americans have become asset poor since the recession. Haines is the executive director of the humanitarian nonprofit Mercy Corps Northwest, and the driving force behind Plaza 122. John Haines is hoping a strip mall in East Portland will make it easier for Luethe and other people who are asset poor who live in her neighborhood to invest. Still, Luethe has seen a couple of investment advisers to try and plot a financial comeback. Since then, her house was foreclosed on, her credit’s gone downhill and she’s working at an apartment building in exchange for housing. A few years ago, the Portland, Oregon, resident threw out her back working on an ambulance. Dawn Luethe says she’d love to be an investor, but she doesn’t have the money or the assets. ![]()
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